Algae carbon capture companies3/16/2024 The panel was moderated by Tim De Chant, Senior Climate Editor at TechCrunch, who has covered the carbon capture space extensively.Ĭommercializing carbon capture has proven to be exceedingly difficult. The entire concept is built on carbon capture as a service, building a super compact photobioreactor applying microalgae, photosynthesis and basically the ways of nature to convert CO2 into. Twelve has raised $200M to date with backers including DCVC, Capricorn Investment Group, Carbon Direct Capital, Chan Zuckerberg Initiative, Microsoft Climate Innovation Fund, and Breakout Ventures. In this role he was often approached by companies pitching to take Unibio’s CO2 and convert into various products, some of which were algae-based. Twelve’s electrochemical reactor replicates photosynthesis to make chemicals, materials, and fuels for customers like Mercedes-Benz, Procter & Gamble, Alaska Airlines, and the U.S. Etosha Cave, can address the financial pain of carbon capture by upcycling CO 2 into petrochemicals-without using fossil fuels. Perhaps Twelve, co-founded by Chief Science Officer Dr. Following a $30M Series A led by Sam and Max Altman at Apollo Projects, Terraformation now hopes to raise a $100M fund for reforestation in the developing world. Its full-stack approach includes seed banks, nursery kits, software, training, financing, and solar-powered desalination. Terraformation, founded by former Reddit CEO Yishan Wong, aims to reforest 3 billion acres of land with 1 trillion trees, potentially storing some 100 gigatons of CO 2. Its investors include Union Square Ventures (part of our early-stage VC panel) and Toyota Ventures, which co-led Brilliant Planet’s $12M Series A in April 2022. Powered by sun, seawater, and cheap nutrients, algae pools might be able to capture CO 2 at less than $50 per ton according to Brilliant Planet. Raffael Jovine is founder and Chief Scientist of Brilliant Planet, which captures carbon by farming algae on coastal desert land. In addition to our mangrove initiative Aramco is working on other nature-based solutions such as developing algae ponds and photo bioreactors that are expected to reduce thousands of tons of CO 2 emissions from across our operations.Dr. Our mangrove plantation initiative to restore lost mangrove habitats in the Kingdom’s coastal areas is a voluntary sustainability community initiative to protect the natural habitats and ecosystems our company relies on. Mangrove trees act as an effective, natural carbon sink. In line with CCE, Aramco’s initiative to protect, plant and restore millions of mangrove trees inside and outside the Kingdom will absorb carbon and enhance biodiversity, while also prioritizing water conservation, treatment and reuse. Nature-based solutions also play an important role in removing carbon as part of the Circular Carbon Economy (CCE) - the framework promoted by the Kingdom and adopted by the G20 member states during Saudi Arabia’s presidency of the G20. Alternatively, CO 2 can be sequestered by cultivating algae, which can be harvested and processed to produce useful products like biofuel and protein-rich animal feed. Mangrove trees, for example, sequester carbon far more effectively and permanently than terrestrial forests. Finally, nature can act as a natural carbon sink. Bio Energy Carbon Capture and Storage technologies extract and store CO 2 from biomass, itself a renewable energy source.Direct Air Capture (DAC) processes capture CO 2 directly from the atmosphere (rather than at source), to be sequestered or utilized.Mobile Carbon Capture technologies capture CO 2 from mobile sources and store the gas on board, ready for sequestration or utilization.Utilization means using captured CO2 directly - for example in manufacturing cement - or converting captured CO2 and other gases into useful industrial products like chemicals or fuels. Enhanced Oil Recovery involves extracting oil from oil fields by changing the original properties of oil, such as chemical flooding, carbon dioxide injection, or thermal recovery.Sequestration technologies deposit captured CO 2 in geological formations.Capture technologies take CO 2 from exhaust or reformed gases or stationary sources using pre-combustion, post-combustion or oxy-combustion techniques.
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